Volume 795, Page 4188 View pdf image |
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Ch. 737 1997 LAWS OF MARYLAND 5-1203. (A) (1) THE CORPORATION IS A BODY POLITIC AND CORPORATE AND IS (2) THE EXERCISE BY THE CORPORATION OF THE POWERS CONFERRED (B) (1) A BOARD OF DIRECTORS SHALL MANAGE THE AFFAIRS OF THE (2) (I) THE BOARD OF DIRECTORS SHALL CONSIST OF 15 MEMBERS (II) THE SECRETARY OF BUSINESS AND ECONOMIC DEVELOPMENT, (3) (I) THE TERM OF AN APPOINTED MEMBER OF THE BOARD IS 4 YEARS.
(C) (1) THE BOARD SHALL ELECT ONE OF ITS MEMBERS AS CHAIRMAN, ONE (2) EIGHT MEMBERS OF THE BOARD CONSTITUTE A QUORUM, BUT (3) A VACANCY IN THE MEMBERSHIP OF THE BOARD OF DIRECTORS 5-1204. (A) (1) THE BOARD OF DIRECTORS SHALL APPOINT, SUBJECT TO APPROVAL (2) THE SALARY OF THE EXECUTIVE DIRECTOR SHALL BE - 4188 -
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Volume 795, Page 4188 View pdf image |
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